PT Ciputra Development Tbk Reports Earnings Results for the First quarter Ended March 31, 2021

PT Ciputra Development Tbk is an Indonesia-based holding company. The Company is engaged in the activities of real estate that is owned or leased, recreational area, industrial area, real estate on a fee or contract basis, headquarters, other management consultancy activity, leasing without the option of non-financial assets, golf course and sports center and bodybuilding. The Company’s segments include Real Estate, Rental and Others. The Residential business encompasses the development of housing and other properties for sale, including land provision, integrated regional development equipped with public infrastructure and facilities, sales and management of residential areas (landed houses) and the sale of apartments and strata titled office spaces (high rise). The Commercial Property business encompasses the development and management of shopping centers, hotels, apartments and office spaces for rent, as well as golf courses and hospitals.